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Counter-argument: I have a Steam account associated with a day 1 purchase of Half Life 2 (so, 25 years or so). Every game I've ever purchased is still available for me to download, while I lost probably 50% or more of my physical games collection.

If I'm renting those games, it sure seems like a good deal.

I do appreciate that console online market places have not historically been as well managed as Steam.

But also, GoG exists: you can buy a PC game and get a DRM-free download that you can play offline and store forever.

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I'm guessing you know this already, but I thought it's worth saying - some Switch 2 carts only contain a game key and not the actual game.

https://en-americas-support.nintendo.com/app/answers/detail/...

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Even that Nintendo Switch 2 Game-Key Card implementation still works better for parent’s game reselling use case (for a limited time) than outright removing the physical media option as Sony is doing.

From the link you posted:

Game-key cards are different from regular game cards, because they don’t contain the full game data. Instead, the game-key card is your "key" to downloading the full game to your system via the internet.

After it’s downloaded, you can play the game by inserting the game-key card into your system and starting it up like a standard physical game card. An internet connection is only required when you launch the game for the first time. After this, the game can be started even without an internet connection. However, like regular physical software, the game-key card must be inserted into the system in order to play the game. A Nintendo Account is not required to download the game data.

So lending and reselling game-key cards is still possible in the same way as physical media… at least until Nintendo’s servers stop serving the game, heh.

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Unfortunately some switch 2 games are only available as digital download codes (e.g. Split Fiction) even though Xbox and PS5 physical versions are real discs. For now.
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Yeah I've seen those, and I deliberately haven't bought any games only available in that format.

They're theoretically a tiny bit better than download codes, but the same applies. If this is the format going forward, I'm out.

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At least they clearly label them and make them easy to avoid!
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GOG will let you download the offline installer for every game they sell, IIRC.
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What about PC gaming? There are stores that sell you the game and it's yours to keep
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Like GOG? Yeah, I'm a bit more accepting of those, since they're DRM free. Being able to just copy and paste from one computer to another or what not is how I feel digital games should work, and how I know they don't work on console.
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